The major tourism development project, Vunabaka in Malolo, has commenced the final stage of the marina build.
The marina will accommodate most yachts and almost all motorboats up to 25 metres at all tides.
The Vunabaka marina is designed to exceed The World Association for Waterborne Transport Infrastructure and Australian design standards.
The marina will accommodate 56 vessels.
Each site purchased at Vunabaka includes a marina berth for up to a 10 metre vessel.
A group of investors from NZ and America are behind the project.
A statement from Vunabaka said a love of surfing bonded the businessmen driving the Vunabaka development; a 100-acre hill-top, marina and beach front resort on Malolo Island.
Vunabaka will feature a luxury hotel called Island Grace, plus 73 Fijian style privately owned villas.
Once complete, the $140 million project will also include shops, restaurants, bars, a fitness centre, tennis courts, a spa and a full service marina.
Presales at Vunabaka now exceed Stage One civil construction costs, with 65% of the Stage One sites sold.
Construction has begun on the first villas and all of Stage One will have titles in November, when construction of the Island Grace hotel will also begin.
Vunabaka has been financed through owner equity along with a development loan against presales through the Fiji Development Bank.
In a statement, Vunabaka said the landowners will receive 10% of all land sales and has a 21% stake in the ongoing entity that will run the development.
The site is on a 99-year lease from the local landowners.
The entire development will run on networked solar power, with diesel generators as a backup.
It will also have an organic wastewater system.
A reforestation programme will restore native rainforest and hardwood trees, while holidaymakers will have the opportunity to offset the carbon footprint of their travel by planting trees.
The remaining marina, ocean front and beach lots range from US$600,000 to US$1.5m + VAT.
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